Electricity consumption in Germany: Analysis reveals major regional differences - financial expert explains the phenomenon.

Electricity consumption in Germany: Analysis reveals major regional differences - financial expert explains the phenomenon.

The analysis by a comparison portal showed that German electricity consumption varies by up to 38 percent depending on the federal state. According to the Inside-Digital report, the average annual electricity consumption in Germany is 3,208 kilowatt hours (kWh). There are clear differences between the old and new federal states. Households in Lower Saxony, Hesse and Rhineland-Palatinate record the highest electricity consumption, while the city states of Hamburg and Berlin have the lowest consumption. The size of the household and the equipment with electrical appliances have a significant influence on electricity consumption.

The analysis makes it clear that various factors influence electricity consumption. Above all, the size of the household plays a crucial role. Larger households therefore use more electricity compared to smaller households. In addition, factors such as the number and efficiency of electrical appliances and the type of water heating are taken into account. A power strip that can be switched off can reduce power consumption in households with many individual devices by up to 10 percent.

In terms of financial impact on the market and the financial sector, the change in electricity consumption in different federal states could have an impact on electricity prices and providers. Higher electricity consumption in certain regions could lead to rising electricity costs, while lower consumption could lead to competition for the cheapest tariffs. This could increase demand for alternative providers and tariffs. In addition, measures to reduce electricity consumption such as the use of smart home technologies and energy-efficient electrical appliances could become more important.

Source: According to a report by www.inside-digital.de